China has likely set the size of the latest round of quotas for refined fuel exports at c.15mn t
Markets await Chinese product export quotas
The normal quarterly uncertainty is more pronounced than usual, and the effect on the market may be delayed
China’s latest round of quotas for refined fuel exports has been beset by uncertainty over size and duration. The impacts on the global crude and products markets are thus unlikely to be felt until November at the earliest, once details are confirmed. Industry speculation intensified towards the end of September—just before China started a week-long public holiday—that Beijing had issued new quotas to Chinese refiners for exports of petrol, diesel and jet fuel. The quotas allow Chinese authorities to manage domestic supply and demand balances closely, by deciding how much the refiners can ship overseas. Most of allotted volumes go to the three NOCs—CNPC, Sinopec and Cnooc—along with state-ow
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
